Inditex shares (Zara), ITX share prices on the Stock Exchange

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ISIN code: ES0148396007
Sector: Non-durable consumer goods
Industry: Clothing/footwear

Le actions of Inditex are listed on the Madrid and Milan stock exchanges under the ticker ITX.

See the history of the share's listing on the Madrid Stock Exchange

Company Description

Inditex SA (Industria de Diseno Textil SA) is a Spanish company operating in the textile sector. The company designs, manufactures, packages, distributes and retails clothing for men, women and children, footwear and accessories. It also sells household products. Inditex is the largest clothing group of fast fashion. The company operates more than 7.400 stores in 93 world markets. It has more than 162.000 employees.

Il brand most famous of the group is Zara; also owns the brands Bershka, Pull&Bear, Massimo Dutti, Stradivarius and Oysho.

It sells through direct stores and through franchises.

Inditex has been listed on the Madrid Stock Exchange since May 23, 2001 and is part of the selective index Ibex 35 since July 2001. It is part of the Stoxx 600 and is also listed on the Milan Stock Exchange.

Inditex is controlled by the Ortega family which owns more than 60% of the share capital. Amancio Ortega and his wife Rosalia Mera they founded the company in 1975. Amancio Ortega is one of the richest men in the world, as well as the richest in Spain, with assets of 74.1 billion dollars.

The shareholders it is structured as follows:

• Amancio Ortega, 59,3%
• Mera Ortega, 5,05%
• Capital Research & Management Co. (World Investors), 1,35%
• Baillie Gifford & Co., 1,19%
• Norway Bank Investment Management, 1,01%
• The Vanguard Group Inc, 0,92%

The remainder is given by the stock market.

Turnover in 2020 was 20,4 billion euros with a net profit of 1,1 billion. Revenues come mainly from sales through direct stores (91,9%). Geographically, the major revenues come from Spain (16,8%), Europe (48,4%) and America (15,7%).

Economic and financial analysis of the company

Amancio Ortego and his wife Rosalia Mera start making clothes in the sixties. In the 1975 The first Zara store opens in La Coruna.

In 1978 he opened his first store in Madrid and later expanded throughout Spain.

Inditex was founded in 1985 as a holding company for the Zara brand and its production facilities.

At the end of the 1988s, the brand expanded abroad, opening stores in Oporto (1989), New York (1990) and Paris (XNUMX).

In 1990 it became the owner of the footwear Tempe.

In 1991 the brand was born Pull and bear and acquires 65% of Massimo Dutti.

In the 1993 is born lefties, the chain of low-cost fashion stores.

In 1995 he obtained full control of the Dutti brand.

In 1998 he created the brand Bershka.

During 1999 he bought the clothing company Stradivarius.

In 2001 Inditex enters the Stock Exchange. The IPO sold 26% of the company to public investors. In the same year, he launched the women's underwear brand called Oysho.

In 2003 he entered the market of household products with the creation of Zara Home.

Overseas expansion continues making its entry into the Asian market during the XNUMXs.

Since 2005 Ortega has launched a profit sharing plan with employees equal to 10% of the profits.

In 2007 he launched the Zara Home online store and in 2010 he opened his clothing e-commerce.

Since 2019 Inditex has become the world's largest fashion retailer by revenue.

The company's revenues have declined over the past two years due to declines in retail sales due to the pandemic. Shares were down 12%.
In the first nine fiscal months of FY2021 (Feb-October), he scored a net profit of 2,5 billion euros, a result that exceeds by almost four times (+273%) the one recorded in the same period of 2020.
Inditex shares are currently trading at around 27,69 euros per share.

I brands of the Inditex Group offer a variety of products for different markets:

• Zara: main brand: clothing for men, women and children.
• Zara Home: sells items and furnishings for the home.
• Bershka: sells clothing for a younger audience between 13 and 20 years old.
• Stradivarius: is aimed at a young female audience, between 20 and 30 years old.
• Pull and Bear: men's and women's casual clothing for young people between 13 and 25 years old. THE
• Massimo Dutti: high-end clothing and accessories for men and women.
• Oysho: specializes in underwear.
• Uterqüe: sells high quality accessories.
• Tempe: sells the group's footwear.
• Lefties: chain of low-cost fashion stores for women, men and children.

The sale of the brands takes place through points of sale divided by brand between Zara (2.232), Bershka (1.096), Stradivarius (1.015), Pull & Bear (982), Massimo Dutti (769), Oysho (646), Zara Home (563) and Uterqüe (82).

In the last period, also due to the coronavirus pandemic, decides to close many outlets by focusing its efforts on e-commerce. Since 2020 he has been selling all his brands on online platforms, even in countries where there is no shop.